Iranian President Pezeshkian commented on dialogue and the war, according to ISNA:War will not be in anyone’s interest, and the enemies will not be able to force us to surrender through it.The Supreme Leader has granted the government some authority on dialogue.The supplied market update reports a risk-on reaction: oil and the dollar are moving lower, with US equity futures, Treasuries and spot gold moving higher.Analysis:The key phrase is “some authority on dialogue.” That suggests an opening for talks, but the scope of that authority remains unclear. Pezeshkian’s warning against forcing Iran to surrender also shows that the diplomatic message comes with conditions.For traders, the initial reaction points toward hopes for easing tensions, with oil moving lower and equity futures finding buyers. The next question is whether that opening produces concrete negotiations. The headline gives markets something encouraging to trade on; follow-through will determine whether the moves can hold.The price of crude oil to sharply to the downside with the low price reaching $97.12. The current price is trading at $97.83 down around $5 on the day. The low price today did extend toward the low of a swing area between $97 and $98.48. The price currently trades between those 2 levels. Moving below the $97 level would open the door for continued downside momentum. This article was written by Greg Michalowski at investinglive.com.